• The Golden Valley Development has selected HBD X Factory, a joint venture between UK property developer HBD and the international innovation campus developer Factory, to be their preferred development partner.
  • The Golden Valley Development will create up to 12,000 new jobs, 3,700 homes and 2 million square feet of commercial space as part of a visionary integrated campus focused around cyber & digital innovation.
  • This smart Garden Community will play a key role in UK’s post-Brexit mission to be a science-superpower and global cyber leader, further cementing Cheltenham and the wider Gloucestershire importance in this sector.
  • The vision will start to become reality as the preferred development partner HBD X Factory will bring forward the groundbreaking £1 billion first phase. This will include UK Cyber Central and its Innovation Zone which will host Factory’s first project of this scale in the UK – Factory Cheltenham.
  • The Golden Valley Development is a Cheltenham Borough Council project with key partners including Tewkesbury Borough Council, Gloucestershire County Council, GFirstLEP and a number of Government Departments.

Today, Friday 30th July 2021, Cheltenham Borough Council’s The Golden Valley Development (GVD) have announced that HBD X Factory has been selected as its preferred development partner to assist in delivering the £1billion first phase of the project located in Cheltenham at the heart of the UK’s Cyber community.

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The overall Golden Valley Development, that will span over 200 hectares, will provide 3,700 new homes, almost 12,000 new jobs and 2 million square feet of commercial space with Cyber Central UK at the heart of this thriving innovative campus for cyber and digital technologies. The delivery of this first phase with our preferred development partner is well timed as the UK’s cyber security sector is worth an estimated £8.3billion as of 2021, having doubled in value in just two years. Gloucestershire has the greatest density of cyber business in the UK outside London, with Cheltenham having more than eleven times the norm, this is ideal location and time for this industry to scale-up – supporting the UK on its mission to be a global leader in this hugely important sector.

Located adjacent to the iconic GCHQ building The Golden Valley Development is highly accessible by train, road and air with fast direct connectivity to Bristol, Birmingham, London and other key parts of the country. The Golden Valley is also within 75 minutes of 20 universities, making it a hot spot for attracting talent to the high value and fact growing sector. There are also real prospects and opportunities to local residents and communities for future generations as well as wider green economic growth.

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